New to Factoring?

For those who aren't familiar with factoring, it is basically a fast way to get cash to run your business.

Factoring is Not a Loan

When you send your customers an invoice, they usually have 30 days to pay you back. Factoring companies will give you the bulk of the cash up front, sometimes within 24 hours, and collect the payments from your customers themselves. Once the invoices are paid in full, you’ll get the balance left over, minus a small fee.


Factoring Doesn't Require Debt

Sounds simple enough – fast cash for your business – no loans, no debt.

So how do you go about choosing the best factoring company?

Not all of them are created equal. Not all of them will give you the same level of service you need to help grow your business.

Everyone claims they have the simplest rate structure in the industry, no long-term contracts, same day funding, no up-front fees, no monthly minimums or maximums, etc., etc., etc.

We also offer these same benefits, but we GO THE EXTRA MILE FOR YOU that other factoring companies don’t.

Here’s Why We Are The Factoring Company You Need For Your Business

No other factoring company matches our level of superior service and offerings.


As you can see, we simply have more to offer you.

Other factoring companies don’t even compare.
Thornton

And Not All Factoring Companies Can Say This:

More than half of our new business comes through client referrals.

So, Can Your Company Use Factoring?

Of Course! Companies of all sizes, from small privately-owned companies to large multi-national corporations, use factoring as a way to increase their cash flow. Factoring spans all industries, including trucking, transportation, manufacturing and distribution, textiles, oil and gas, staffing agencies and more.

Companies use the cash generated from factoring to pay for inventory, buy new equipment, add employees, expand operations—basically any expenses related to their business. Factoring allows a company to make quicker decisions and expand at a faster pace.

Unlike a bank loan, factoring has…

  • No principle or interest to pay over time
  • No debt to repay
  • Unlimited funding potential – no caps
  • Fast funding – no waiting months like at a bank
  • Approval is based on the strength of your clients, not your credit
  • Startups are welcome in using funding services

Some of the benefits you receive with factoring are:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Information for the city of Thornton

The City of Thornton is a Home Rule Municipality in Adams and Weld counties in the U.S. state of Colorado, located in the northeast quadrant of the Denver Aurora Broomfield, CO Metropolitan Statistical Area. Thornton is 10 miles (16 km) north/northeast of downtown Denver. The United States Census Bureau reported the city's growing population at 118,772 on April 1, 2010,[5] a 44.2% increase from the 2000 Census population of 82,384. Thornton is the sixth most populous city in the state of Colorado and the 213th most populous city in the United States.

 

 

Information for the state of Colorado

The Bureau of Economic Analysis estimates that the total state product in 2010 was $257.6 billion. Per capita personal income in 2010 was $51 940, ranking Colorado 11th in the nation. The state's economy broadened from its mid-19th century roots in mining when irrigated agriculture developed, and by the late 19th century, raising livestock had become important. Early industry was based on the extraction and processing of minerals and agricultural products. Current agricultural products are cattle, wheat, dairy products, corn, and hay.

 

The federal government is also a major economic force in the state with many important federal facilities including NORAD (North American Aerospace Defense Command, United States Air Force Academy, Schriever Air Force Base located approximately 10 miles (16 kilometers) east of Peterson Air Force Base, and Fort Carson, both located in Colorado Springs within El Paso County; NOAA, the National Renewable Energy Laboratory (NREL) in Golden, and the National Institute of Standards and Technology in Boulder; U.S. Geological Survey and other government agencies at the Denver Federal Center near Lakewood; the Denver Mint, Buckley Air Force Base, and 10th Circuit Court of Appeals in Denver; and a federal Supermax Prison and other federal prisons near Canon City.

 

In addition to these and other federal agencies, Colorado has abundant National Forest land and four National Parks that contribute to federal ownership of 24,615,788 acres (99,617 km2) of land in Colorado, or 37% of the total area of the state. In the second half of the 20th century, the industrial and service sectors have expanded greatly. The state's economy is diversified and is notable for its concentration of scientific research and high-technology industries. Other industries include food processing, transportation equipment, machinery, chemical products, the extraction of metals such as gold, silver, and molybdenum. Colorado now also has the largest annual production of beer of any state. Denver is an important financial center.

 

Immediate payment for your invoices help you avoid financial trouble.  

Factoring companies will, in exchange for your invoices, provide you with the cash today so that you don not need to worry about the waiting period that could make paying the bills and getting materials more difficult. -Thornton Factoring Companies

 

 

FACTORING FOR BUSINESS OWNERS  

Thornton Factoring Companies Articles

Factoring Companies - Benefits

 

Factoring companies offer a wide variety of benefits to businesses. Factoring companies conduct financial business by allowing a business to sell its invoices to a factor (also known as a third party business or individual.) The price that the business charges is discounted in order to sell the invoices that are currently held, and make the cash that is immediately needed for any type of expenditures involving the business. A business that has immediate cash needs, but has no cash to pay for the expenditures that has occurred often ends up going under and eventually shutting down completely. This takes a lot of jobs away from people, and can leave you working for someone else, no longer running for your business. No one wants to take this large step down from the current place that they are in. A business owner has worked incredibly hard to get to where he or she currently is, and does not deserve to have their business become obsolete. This is where the factoring companies can be a huge help to businesses.

 

Invoice FactoringKeep in mind that factoring companies do not use the same process as invoice discounting. Instead, invoice factoring (also called the “Assignment of Accounts Receivable” by the FASB and GAAP) is the sale of invoices, instead of invoice discounting which involves collateral in order to ensure that the individual who took out the invoice discounting loan will pay it back. Factoring is not a loan; instead, factoring is the sale of invoices in order to get immediate cash. There is no loan in the process of factoring, and you will never have to pay the money back.

 

Since the invoices that are sold are also called receivables, the entire process of factoring is usually called the sale of receivables. Receivable factoring is much better than trying to take a loan out from the bank. Banks charge interest on any type of loan, and although there is usually collateral, it can put you in even more debt than you currently are. In addition, factoring companies are never going to give you a loan. When a factoring company funds your discounted receivable, he or she will choose to buy the receivable, giving you cash immediately. This cash can pull your entire business out of the hole that it is currently in. Instead of taking a loan out and getting yourself further into debt, factoring allows you to simply sell your own invoices and get back most of the money that you originally put into them. Although this may seem like a bad process since you are selling valuable invoices, it is important to do, as the invoices are completely useless if your entire business goes under. Instead of trying to take a loan out to keep all of your receivables (invoices) factoring companies benefit you directly by giving you the cash you need.

 

Benefits of Factoring Companies / Invoice Factoring / Receivable FactoringWhen you are in a bind and really need money in order to get through the next few months, it can be very troublesome. Although the first thought in most peoples’ minds would be to visit the nearest bank as soon as possible and take out some kind of loan, this is very dangerous. Although the loan may hold your business over for the next few months, it is simply delaying the same money crunch you already had. Unless your business is making an incredible amount of money, the bank loan that you took out has increased in the price that you must pay bank. Interest on a bank loan is how the banks make money and survive. Many loans have a very high interest rate, and if you are unable to pay the loan back in a short amount of time, you are going to be in more of a money crunch than you originally were in. In order to pay back the loan, you would have to make a large amount of money in a very short time, which is unlikely if you needed to take out the loan in the first place.

 

Rather than bothering with bank loans that will inevitably put you back in the money hole that you were in when you took it out, factoring companies are available to help you. A factoring company is a place where businesses can place their invoices for sale at a discounted price, which will allow them to receive immediate cash. As aforementioned, this money does not need to be paid back, as it is not a loan. Keep in mind, you are not selling your business. You are selling invoices in order to keep your business growing. You will be able to get more invoices in the future when your business is back up and running, but if you do not sell these invoices, you will never be back up and running.

 

When you are in a money crunch, don’t put yourself back in the money hole that you are in by taking out a bank loan. Utilize factoring companies in order to get immediate cash that will help you get back up and running without putting a loan on your business.

 

 

 

Immediate payment for your invoices help you avoid financial trouble.

 

 

Thornton Factoring Companies Articles

"

Factoring

 

Invoice factoring
trucking factoring companies
factoring companiesp> 

As the owner of your own business, you may be more than aware already of the difficulty in making sure that cash flow issues do not become a problem down the line. After all, the worst thing that can possibly happen for your business is to find yourself embroiled in a long and difficult situation that leaves you forever trying to find two pennies to rub together.

 

For any business in this situation, the problem can come for waiting for work to clear up and actually be paid into your account. Invoices, cheques and the like can take some time to actually processed which can leave you with short-term cash flow issues. Thankfully, there are options out there for businesses to look into – and one of these is factoring companies.

 

Factoring companies will, in exchange for your invoices, provide you with the cash today so that you don’t need to worry about the waiting period that could make paying the bills and getting materials more difficult. With this type of setup, invoice factoring can become incredibly useful for many businesses who need to get out of a cash trap which they have found themselves in.

 

Because, depending on the size of the job, it can take up to 60 days for some businesses to get paid then it’s important to cover your own back and not leave yourself short in that day. after all, how many businesses have two months revenue just lying there to cover all the losses until they get paid?

 

This is especially true of trucking companies. They tend to deal with lots of invoices which means a significant amount of running around and donkey work for the business owner themselves. Trying to get paid in time can become an incredible hassle and this is why you get specific trucking factoring companies who are happy to help out truckers specifically.

 

As we all know, trucking is an incredibly large industry with many companies out there employing hundreds of drivers. Unfortunately, many of these drivers can spend night in the cold or hungry as they are still waiting for work from six weeks ago to actually pay them. When this is the situation for a trucking company, turning to factoring companies for assistance might be the best choice left.

 

This means that a trucking company can pay the wages of the staff, keep all the vans topped up with fuel and continue to scale, grow and expand without always waiting for the never-never with money which is taking forever to arrive coming in. businesses running without a factoring model put in place are leaving themselves in significant risk, as competitors cash out fast and continue to expand.

 

There’s genuinely nothing to be worried about when it comes to using a Factoring company – they aren’t like a payday loan firm or somebody who is going to leave you with a huge pile of debt to apy back. Although you are technically borrowing a loan, so long as you only ever give them genuine invoices from work you have already finished you are merely speeding up the payment process.

 

In the United States, where trucking companies thrive, factoring companies are not considered borrowing in any capacity. This confidential agreement then allows both parties to profit and enjoy a comfortable future – it gives the factoring company a guaranteed asset of income to add to the list and it gives the trucking firm a wad of cash that they worked hard to earn.

 

The trucking company will usually need to pick up the invoice and cash it in still, and then make the payments back to the factoring company. Because it’s a confidential agreement, and it can look bad for a business to be involved in this type of short-term finance even though it’s perfectly legal and a very common practice, it’s usually in the hands of the company to get the money for the factor.

 

This is an extremely old business type and has been used for many years by many different types of work – but none more so than truckers. While you may miss out on a small part of the money , something like 15% depending on who you work with, it means that you are getting the money today and can actually start putting some food on the table.

 

After all, an IOU or an invoice is not going to be you fed and washed, is it? For trucking companies when the money can be good one day and gone the next, it’s up to the drivers to work sensibly and to ensure they are leaving themselves with a significant amount of time and finance to get through the week until they are paid again.

 

So the next time your trucking business is having some short-term cash flow issues and you are spending too much time chasing up slow paying clients, why not start considering to use factoring businesses as a way to change your motive and give yourself a more comfortable future in the eyes of your trucking staff and your bank balance?

 

 

"

 

 

Thornton Factoring Companies Articles

Explaining ‘Factoring’

 

A ‘Factor’ is a third party commercial financial company who purchases the Accounts Receivable from businesses: this transaction is known as ‘Factoring’. Factoring exists so that businesses can receive a quick injection of cash, as opposed to waiting the 60 or 90 days for customers to pay their invoices. Factoring is also known as Accounts Receivable Financing, and Invoice Factoring.

 

The majority of factoring companies purchase invoices and advance money to the business within 24 hours; however, the nature and terms of factoring can (and do) differ among financial service providers and industries. Depending on your customers’ credit histories, your industry, and other specific criteria, the advance rate on your invoices can range from 80% to as high as 95%. The factoring company not only collects on your invoices; it also offers back office support to your business.Once the factoring company has collected on your customer’s invoice,you’ll be paid the balance of the invoice – less the factor’s fee for assuming the risk. The primary benefit of factoring is that businesses no longer need to wait anywhere between one and three months for a customer to pay their accounts: they now have access to cash in hand so they can operate and grow their business.The Advantages of Factoring

 

There are a few reasons why factoring has become an invaluable financial tool for many businesses, including start ups. As mentioned above, the main benefit is that businesses can now receive a quick boost to their cash flow because factoring companies, in general, will provide cash on accounts receivable within 24 hours. This resolves the problems businesses experience with short term cash flow, and in many ways this injection of cash can help to grow a business. Besides handling your customer collections, factoring companies can also evaluate your customers’ payment and credit histories.Other benefits of factoring include:

 

• It can be customized to a business’s needs and managed to ensure that capital is available when it’s needed;
• It’s not based on your own business or credit history: it’s based on the quality of your customers’ credit;
• It’s not based on your company’s net worth: it provides a line of credit based on sales;
• There’s no limit to the amount of financing, unlike conventional bank loans;
• This financing will not show up as a debt on your balance sheet, because it’s not a loan.
Who Uses Factoring?

 

Companies of all different sizes, including start ups, use factoring; and today factoring has become common business practice across many industries. Factoring is now widely used in the transportation industry, including manufacturing, textiles, trucking, oilfield services, wholesale and distribution, and staffing agencies. Interestingly, factoring receivables is practiced in many countries around the world and has a long history of success.

 

Can I Factor? My Company’s New, with No Financial History

 

Yes, you can! In fact, factoring has become an excellent tool for start up companies because no company credit history or balance sheet is required. It’s not really your company’s finances that the factoring company is concerned with; they’ll base their financing on your customers’ payment histories and credit scores.

 

What Percentage of My Invoices Should I Factor?

 

The answer to this question really depends on the unique needs of your business. Some companies only factor invoices for customers who typically take a long time to pay, while others factor all their invoices. The receivables that a company can factor range anywhere from a few thousand dollars to millions of dollars each and every month.

 

What’s the Difference between Factoring and a Bank Loan?

 

• The difference between factoring and a bank loan is that you’re not assuming any debt with factoring because it’s not a loan;
• With factoring, there’s no emphasis on your balance sheet – it’s all on your customer’s invoices;
• In addition, a bank loan is typically one lump sum, whereas factoring provides a steady flow of funds;
• Factoring companies can also help improve your company’s balance sheet by assisting with your credit and collection functions;
• A bank loan adds to your debt, whereas factoring converts receivables (an asset) into cash (another asset);
• And of course, bank loans can be very difficult to get because they’re limited by your balance sheet.
How Do You Start the Factoring Process?

 

The factoring process can be very simple to set up. The customer will be asked to complete a short application form, and may be required to follow up with other reports and documents.

 

Recourse and Non Recourse Factoring: What’s the Difference?

 

• With Recourse factoring the client is ultimately responsibility for the payment of the invoice; whereas
• With Non Recourse factoring, the factoring company accepts responsibility for the risk of collecting the invoice.It’s important to note that some factoring companies over offer both types of factoring – recourse and non recourse.

 

What Are the Contract Terms and Fees Applicable with Factoring?

 

There are different fee structures with different factoring companies: some factors charge an overall factoring fee which is determined by the creditworthiness of your customers and the monthly volume of invoices; while others charge additional fees to cover shipping, money transfers, and other costs associated with doing business. Before signing with any factoring company make sure you understand the fees and terms applicable to your contract. Also note that most factoring contacts are renewed annually.

 

Do I Need Credit Insurance on Debtors?

 

Insurance is not typically required, but in specific circumstances it may be.

 

 

 

You Can Find More Information at  http://aimscs.org/
and at Receivables Factoring at receivablefunding.net

Call Us Today at: 1-800-986-1854

 

Watch our Factoring Company Video below to see how we work for you.

 

 


 

Get MONEY NOW for your outstanding invoices.

 

Thornton Factoring Companies Links

North Dakota Factoring Companies and More Cities

 

New York City

 

Los Angeles

 

Chicago

 

Houston

 

Philadelphia

 

Phoenix

 

San Antonio

 

San Diego

 

Dallas

 

San Jose

 

Austin

 

Jacksonville

 

Indianapolis

 

San Francisco

 

Columbus

 

Fort Worth

 

Charlotte

 

Detroit

 

El Paso

 

Memphis

 

Boston

 

Seattle

 

Denver

 

Washington DC

 

Nashville Davidson

 

Baltimore

 

Louisville Jefferson

 

Portland

 

Oklahoma City

 

Milwaukee

 

Las Vegas

 

Albuquerque

 

Tucson

 

Fresno

 

Sacramento

 

Long Beach

 

Kansas City

 

Mesa

 

Virginia Beach

 

Atlanta

 

Colorado Springs

 

Raleigh

 

Omaha

 

Miami

 

Oakland

 

Tulsa

 

Minneapolis

 

Cleveland

 

Wichita

 

Arlington

 

New Orleans

 

Bakersfield

 

Tampa

 

Honolulu

 

Anaheim

 

Aurora

 

Santa Ana

 

St. Louis

 

Riverside

 

Corpus Christi

 

Pittsburgh

 

Lexington Fayette

 

Anchorage

 

Stockton

 

Cincinnati

 

St. Paul

 

Toledo

 

Newark

 

Greensboro

 

Plano

 

Henderson

 

Lincoln

 

Buffalo

 

Fort Wayne

 

Jersey

 

Chula Vista

 

Orlando

 

St. Petersburg

 

Norfolk

 

Chandler

 

Laredo

 

Madison

 

Durham

 

Lubbock

 

Winston Salem

 

Garland

 

Glendale

 

Hialeah

 

Reno

 

Baton Rouge

 

Irvine

 

Chesapeake

 

Irving

 

Scottsdale

 

North Las Vegas

 

Fremont

 

Gilbert town

 

San Bernardino

 

Boise

 

Birmingham

 

Rochester

 

Richmond

 

Spokane

 

Des Moines

 

Modesto

 

Fayetteville

 

Tacoma

 

Oxnard

 

Fontana

 

Columbus

 

Montgomery

 

Moreno Valley

 

Shreveport

 

Aurora

 

Yonkers

 

Akron

 

Huntington Beach

 

Little Rock

 

Augusta

 

Amarillo

 

Glendale

 

Mobile

 

Grand Rapids

 

Salt Lake City

 

Tallahassee

 

Huntsville

 

Grand Prairie

 

Knoxville

 

Worcester

 

Newport News

 

Brownsville

 

Overland Park

 

Santa Clarita

 

Providence

 

Garden Grove

 

Chattanooga

 

Oceanside

 

Jackson

 

Fort Lauderdale

 

Santa Rosa

 

Rancho Cucamonga

 

Port St. Lucie

 

Tempe

 

Ontario

 

Vancouver

 

Cape Coral

 

Sioux Falls

 

Springfield

 

Peoria

 

Pembroke Pines

 

Elk Grove

 

Salem

 

Lancaster

 

Corona

 

Eugene

 

Palmdale

 

Salinas

 

Springfield

 

Pasadena

 

Fort Collins

 

Hayward

 

Pomona

 

Cary

 

Rockford

 

Alexandria

 

Escondido

 

Mckinney

 

Kansas City

 

Joliet

 

Sunnyvale

 

Torrance

 

Bridgeport

 

Lakewood

 

Hollywood

 

Paterson

 

Naperville

 

Syracuse

 

Mesquite

 

Dayton

 

Savannah

 

Clarksville

 

Orange

 

Pasadena

 

Fullerton

 

Killeen

 

Frisco

 

Hampton

 

Mcallen

 

Warren

 

Bellevue

 

West Valley City

 

Columbia

 

Olathe

 

Sterling Heights

 

New Haven

 

Miramar

 

Waco

 

Thousand Oaks

 

Cedar Rapids

 

Charleston

 

Visalia

 

Topeka

 

Elizabeth

 

Gainesville

 

Thornton

 

Roseville

 

Carrollton

 

Coral Springs

 

Stamford

 

Simi Valley

 

Concord

 

Hartford

 

Kent

 

Lafayette

 

Midland

 

Surprise

 

Denton

 

Victorville

 

Evansville

 

Santa Clara

 

Abilene

 

Athens

 

Vallejo

 

Allentown

 

Norman

 

Beaumont

 

Independence

 

Murfreesboro

 

Ann Arbor

 

Springfield

 

Berkeley

 

Peoria

 

Provo

 

El Monte

 

Columbia

 

Lansing

 

Fargo

 

Downey

 

Costa Mesa

 

Wilmington

 

Arvada

 

Inglewood

 

Miami Gardens

 

Carlsbad

 

Westminster

 

Rochester

 

Odessa

 

Manchester

 

Elgin

 

West Jordan

 

Round Rock

 

Clearwater

 

Waterbury

 

Gresham

 

Fairfield

 

Billings

 

Lowell

 

Ventura

 

Pueblo

 

High Point

 

West Covina

 

Richmond

 

Murrieta

 

Cambridge

 

Antioch

 

Temecula

 

Norwalk

 

Centennial

 

Everett

 

Palm Bay

 

Wichita Falls

 

Green Bay

 

Daly City

 

Burbank

 

Richardson

 

Pompano Beach

 

North Charleston

 

Broken Arrow

 

Boulder

 

West Palm Beach

 

Santa Maria

 

El Cajon

 

Davenport

 

Rialto

 

Edison

 

Las Cruces

 

San Mateo

 

Lewisville

 

South Bend

 

Lakeland

 

Erie

 

Woodbridge

 

Tyler

 

Pearland

 

College Station

 

Albany

 

Allegheny

 

Brooklyn

 

Camden

 

Canton

 

Dearborn

 

Duluth

 

Fall River

 

Flint

 

Gary

 

Hammond

 

Kenosha

 

Livonia

 

Lynn

 

Macon

 

New Bedford

 

Niagara Falls

 

Parma

 

Portsmouth

 

Reading

 

Roanoke

 

Scranton

 

Somerville

 

St. Joseph

 

Trenton

 

Utica

 

Wilmington

 

Youngstown